There's no guarantee Google can knock off this Russian search provider. Russia is a scary place to be. Admittedly too scary for my money although I'm working on changing my mindset. It's not too scary for CAPS though. Long Russia and Yandex.

I think the risk/reward is very in favor of YNDX right now. The company is still growing like a weed despite economic turmoil inside of Russia. If (when) oil prices rebound and/or if YNDX continues its strong organic growth, we'll have a huge winner on our hands.

Yandex is often called the Google of Russia, however they have their the strongest foothold in the search, e-commerce, online payments, and the overall technology space in Russia versus Google, which simply dominates the search market in the US (and mostly everywhere in the world). Yandex is more like a combination of Baidu and Alibaba in China (or Google, Amazon, & Paypal in the US) and simply dominates search, online payments, and e-commerce.

The only way you lose money here is if Putin nationalizes Yandex, which I am going to bet does not happen. It trades at a crazy low multiple for its growth and dominance of scalable and proven business models in a market ripe with potential.

The search brand in Russia which is likely to react even more negatively to US brand given the Crimea sanctions. Long term this will grow strongly even if there are months or perhaps even years of tentative share price growth

Putin is, unfortunately, not a man that has the interests of others first and foremost on his mind. But Yandex, the Google of Russia, has dropped in price out of overblown fears that Putin will become the next Stalin, which is highly unlikely. And Yandex itself is not a Russian company––it's Dutch––but it's market is in Russia. So when political upheavals create a sharp drop in price, Monkey gets interested. When the political upheaval appears more smoke than fire, that's a buying opportunity. So think Google, think Baidu and think of the huge upside. And if Putin turns out to be more dangerous than we think, we'll have bigger issues on our hands than stock picking.

Well managed, good product, a lot of students in Russia prefer them to google, they give much betterresults in Russian for search and their maps are a lot better (google not so reliable there). Strong home base advantage and probably no risk of losing out to foreign competition any time soon.

Short term hit due to political tensions, but look term position strong as the local leader like Google or Baidu.

1/3 haircut due to slightly soft earnings and Russia/Crimea tensions. That doesn't change the fact that they have 63% of the growing Russian search market and are expanding into Ukraine, Turkey, and other European countries. They should grow revenue 25-30% annually for the next 3-5 years.